Langford condo helping buyers enter the market with Attainable Home Ownership and CHMC's Home Start affordability programs
Mike Kozakowski, Citified.ca
Published September 25, 2024
A move in-ready lake view condominium development overlooking Langford Lake has established a niche with first-time and younger homebuyers through unique partnerships with the City of Langford and the Canada Mortgage & Housing Corporation (CMHC), Citified has learned.
The Henson at Trailside at the Lake (see website; see Citified profile), the second of two Trailside at the Lake buildings from developers Keycorp and Seacliff, is situated at the western terminus of Goldstream Avenue at West Shore Parkway, with a variety of one-bedroom plus-den and two-bedroom floorplans still available, at prices starting from $399,599, parking included.
Centrally located, Henson’s proximity to shopping, schools, recreation and employment centres on the West Shore, and its easy access to Highway 1 and transit connections, make the project an ideal first-time homeownership opportunity with sweeping lake and forestland views.
“Trailside at the Lake is designed around first-time homeownership, with attainable prices for individuals or families looking to transition out of the rental market and into a home purchase, and through partnerships with Langford’s downpayment assistance, and a federal financing program to help make that happen,” said Malcolm McNaughton, Director of Planning and Business Development at Keycorp Development, adding “Keycorp and Seacliff are committed to doing as much as we can in Victoria’s housing market, to support more individuals on their path to homeownership.”
A view from Trailside at the Lake, towards Langford Lake and the Ed Nixon Trail. Keycorp/Seacliff |
The City of Langford’s Attainable Home Ownership Program (AHOP) is designed to assist with the down payment for a new home.
Keycorp’s and Seacliff’s partnership with the City takes full advantage of the municipality’s innovative affordability effort that provides mortgage assistance for qualified purchasers. Open to residents of Langford, Sooke, Metchosin, Colwood or the Highlands, RCMP members serving on the West Shore, or Canadian Forces members posted to Greater Victoria, AHOP is available for several floorplans, and assists with the down payment portion for a new-build home.
“One bedroom and den units priced at up to $425,000, are eligible for Langford’s AHOP down payment assistance, and we encourage prospective purchasers to connect with our sales team to learn about this unique opportunity,” McNaughton says. While we have sold out of two bedroom attainable units we do have market two bedroom units available.
Meanwhile, The Henson is freshly eligible for CMHC’s Home Start, a federal homeownership initiative designed to help first-time purchasers through a 30-year amortization period in lieu of the traditional 25-year amortization, which allows for lower mortgage payments every month, and can enable buyers to qualify for a home purchase that may have been out of reach with a 25-year amortization.
“We’ve heard from so many would-be purchasers who visit Trailside’s presentation centre, that they believe they are priced out of the homeownership market. We’re working hard to change that notion, and our team has already assisted multiple buyers with a home purchase the buyer did not realize they could afford through the help of Langford’s AHOP and as of this summer, CMHC’s Home Start,” McNaughton said.
With two six-story buildings now completed at Trailside (with the first known as The Nixon, 75% sold-out with resident move-ins as of September 2024), residents of Trailside enjoy fantastic views of Langford Lake, and unobstructed vistas towards Sooke Hills Wilderness Regional Park and Goldstream Provincial Park, among the Capital’s most popular hiking, camping and day trip destinations.
Residents can take advantage of the Ed Nixon Trail, a walking thoroughfare that spans from Trailside along the southern perimeter of Langford Lake to Ed Nixon Trail Park, Langford Lake Beach Park, and the many amenities of the area like Starlight Stadium, the Langford Lanes bowling alley, Boulderhouse climbing gym, and newly opened pickle ball courts.
The area is also home to a large assortment of retailers that include a Quality Foods grocery store, Walmart and many other local and national stores, plus food services – such as Floyd's Diner, Rhino Coffee House and Baan Thai, and the many restaurants and retail services of West Shore Town Centre and Belmont Marketplace.
“Imagine being near Goldstream Provincial Park to watch the salmon run with your kids only minutes from home, or to go for a hike with your dog in the Sooke Hills Wilderness, or climb aboard a kayak for a relaxing evening on the lake any day of the week, while having all of your retail and service needs met within a short distance from your home,” McNaughton says.
“There is a reason why Trailside at the Lake is in such high demand in Langford where residents enjoy a great balance of views, proximity to infrastructure, access to nature and shopping,” McNaughton continued.
In terms of finishings, Trailside features air conditioning in every suite to moderate year-round temperatures, and large windows brighten efficient and thoughtfully designed living spaces.
European-inspired, Canadian-built cabinetry with soft-close technology, matte black hardware and quartz countertops paired to premium wood laminate flooring throughout each home lend an air of sophistication to kitchen and dining spaces, which also feature a stainless steel energy-efficient Whirlpool appliance package (plus a Whirlpool Energy Star Certified washer and dryer). Bathrooms are opulent, with premium quartz countertops and vanity backsplashes mated to quality millwork.
Each suite has an exterior space for relaxing, container gardening or entertaining. Residents will have one EV charging-ready parking stall to help transition to new automotive technologies. Storage lockers are on every floor, and both buildings include amenities on each level such as a cardio room, a weight room, a yoga studio, office space and a lounge.
A photo of a completed suite at Trailside at the Lake. Keycorp/Seacliff |
The West Shore’s South Island Home Team, representing the sales campaign for Trailside, is spearheading this latest new-build homeownership opportunity from Seacliff and Keycorp. Home Team’s founder Mike Hartshorne says the calibre of construction quality and attention to detail the partnership is known for is a welcome addition to Langford’s pre-sale housing market.
“As Langford’s condominium market has matured, so have the expectations of purchasers that may value a suburban lifestyle, but expect high grade material finishings, beautiful views and room to live and grow,” Hartshorne said. “With Seacliff and Keycorp at the helm of Trailside, purchasers will have peace of mind that the end-product will be of a top-level quality, built to last, with a robust 2-5-10 warranty.”
Hartshorne and his colleagues at South Island Home Team have overseen the sale of thousands of residences throughout Victoria and the West Shore, with The Henson at Trailside a landmark addition to Home Team’s roster at a time when purchasers are increasingly looking to Langford for a wider variety of affordable suburban housing options.
“This is an exciting time for Langford, a community that is coming into its own with desirable retail destinations, some of the best parkland and outdoor recreational sites on Vancouver Island, and home prices that remain competitive,” Hartshorne said. “At Trailside, you don’t have to compromise on location or build quality or value, and in the current real-estate environment, those are crucial criteria that make this offering a must-see opportunity.”
To learn more about The Henson and The Nixon at Trailside at the Lake, view the project’s website here. To connect with Mike Hartshorne and the South Island Home Team, call 250-474-4800, or view the agency’s website here. C
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